Is the Economy of Hawaii Dwindling?

HAWAII PER CAPITA TAX BURDENpopularity is unmatched. Every year the islands play
The per capita tax burden is pretty high in Hawaii andhost to over a million tourists. All these tourists add
in recent years it has seen the tax per capitato the money by paying for a number of things like
reaching new heights as it was the highest in the U.S.the room tax or the general excise tax etc. With
One reason behind this may be that the educationeach passing year, the popularity is increasing and so
system and also the health systems all are under theis the tourism which is directly related to its revenue.
state and work at the state level; whereas in otherHAWAII ECONOMIC HISTORY
parts it is in the municipal level.The main industries in Hawaii prior to it being made
HAWAII and OILinto a U.S state in 1959 were sugarcane, military,
A Gas Cap Law was enacted in Hawaii at a timeeducation, sandalwood, whaling and pineapple. After
when the profits were under the microscope and thestatehood, tourism has been the main industry. It
prices of oil were to be kept in relation to the pricescontributes a lot to the GSP.
of oil that was sold in the mainland U.S. It was due toHAWAII EXPORTS
the Hurricane Katrina that the law was put onExports play a small role in the growth of the
stand-by. Hawaii was the only that could manipulateeconomy of Hawaii. In terms of exporting, Hawaii is
the prices of oil using the law of Gas Cap.engaged in apparel and also food processing. In terms
HAWAII TOURISMof food, Hawaii exports coffee, pineapple, cane sugar
Hawaii as perhaps every living soul on this planetand macadamia nuts.
knows is a very famous tourist destination. Its